- L-3 Communications (NYSE:LLL-OLD) agrees to acquire U.K.-based MacDonald Humfrey Automation for ~£224M ($280M), in a bid to strengthen its position in the global aviation security market.
- MacDonald Humfrey develops automated airport checkpoint security scanners that are widely used in Europe and elsewhere, and were introduced at Chicago’s O’Hare International Airport this month.
- The purchase price is subject to an upward adjustment of up to £30M ($37.5M) based on MacDonald Humfrey’s post-acquisition performance for the next three years.